Christina Blizzard, QMI Agency

In recent years, we've seen our rates soar and in 2010 benefits were capped.

The only thing that can raise even the slightest sympathy for the insurance business is when government meddles with their business.

Or, more specifically, when political parties use a private industry as a political football to promote their own agenda. If your heart doesn't exactly go out to them, certainly you start to feel something akin to understanding.

What other industry has to suffer the slings and arrows of political fortunes -- and politicians telling them how much to charge for their product?

On Wednesday, the Financial Services Commission of Ontario (FSCO) will announce rate decreases for companies that filed for rate approvals.

It's expected there will be reductions of 3%-4% across the market. By August 2014 there'll be a drop of 8%, with another 7% kicking in August 2015.

That rounds out to the 15% decrease over two years that New Democrats demanded as part of their deal to keep the Wynne government alive after the last budget.

So will the bill from your insurance company go down?

Perhaps. If you're an average driver with a spotless record and nothing about you has changed over the past year, you just might get a break.

But if you live in an area at high risk of auto theft or staged accidents, you can kiss your 15% rollback goodbye. Likewise if you drive a lot or have a couple of teenage drivers on your insurance bill, you can forget any major reduction.